Archives for October 2012

Procter & Gamble Warehouse Sale November 17th and 18th, 2012

A new notice came out about a new warehouse sale happening in November 2012.

It has been confirmed for Nov. 17th & 18th weekend.

It will be located at the International Centre (6900 Airport Rd, Mississauga) again. When you arrive you will see the signs and the crowd of people.

This notice is provided by Kirby Chan, a Toronto Realtor and a proud supporter of United Way and the P&G Warehouse Sale. Information is deemed accurate at the time of posting and P&G reserves the right to cancel or change the event dates and location.

Limited Time Special Promotion

The Kirby Chan Real Estate Team is going paperless. Buyers and Sellers working with us will get a Free iPad Mini to use during the buying and selling process. After the transaction is complete, it’s yours to keep. Our small effort in reducing our carbon footprint.

Contact me using the form below or use this link to send this offer to a friend.


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Strong Average Price Growth in September in Toronto Real Estate

Greater Toronto Area (GTA) REALTORS® reported 5,879 transactions through the TorontoMLS system in September 2012. The average selling price for these transactions was $503,662, representing an increase of more than 8.5 per cent compared to last year.

The number of transactions was down by 21 per cent in comparison to September 2011. However, it is important to note that there were two fewer working days in September 2012 compared to September 2011. The majority of transactions are entered on working days. On a per working day basis, sales were down by 12.5 per cent year-over-year.

“While sales have been lower due to stricter mortgage lending guidelines, we continue to see substantial competition between buyers. The months of inventory trend remains low from a historic perspective, which explains the strong price increases we are experiencing,” said Toronto Real Estate Board (TREB) President Ann Hannah.

September average selling prices were up compared to last year for all major home types. Price growth was strongest in the City of Toronto, including for condominium apartments with eight per cent year-over-year growth. All benchmark home types included in the MLS® Home Price Index (MLS® HPI) experienced year-over-year price increases, with substantially stronger increases for low-rise home types.

“Barring a major change to the consensus economic outlook, home price growth is expected to continue through 2013. Based on inventory levels, price growth will be strongest for low-rise home types, including single-detached and semi-detached houses and town homes,” said TREB’s Senior Manager of Market Analysis, Jason Mercer.

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